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$936.41 is the new price of the bond.
<u>Explanation:</u>
<u>New price of the bond after using the duration is calculated as follows:</u>
Purchase date = 01 june 2016, Maturity date = 01 june 2024, frequency = 1
Face value = $10000, Annual coupon rate = 5.20 percent, Yield to maturity = 6.40 percent,
NPER = 6.688257877
PMT = $52.00
New price of the bond = $936.41 ( rounded to two decimal places)
Note: I have used an excel formula so as to calculate the new price of the bond.
Answer:
demand; inelastic
Explanation:
Price discrimination is when a seller charges different prices for the same product in different markets. Price discrimination is usually practised by monopolists. The aim of price discrimination is to eliminate consumer surplus.
A seller would usually charge a higher price to a consumer whose demand is price inelastic. This means that the quantity demanded is less sensitive to changes in price.
If the seller charges a higher price to a consumer whose demand is price elastic, the consumer would reduce the quantity demanded as a result of the rise in price and the total revenue of the seller would fall.
I hope my answer helps you
Answer:
Net Sales = $100,100
Sales Return and allowances = $4,500
Net income = $33,700
Explanation:
Cost of goods sold 48,200
Gross Profit 51,900
Net Sales 100100
Sales Return and allowances = Sales - Net sales- Sales discounts = 107800-100100-3200 = 4500
Selling Expenses = Total operating expenses - General and Administrative Expenses = 18200 - 10400 = 7800
Net income = Gross profit - Total operating expenses
=51900-18200
= 33700
